Microsoft Word - e_Ann_Share Repurchase_2015

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

勝 獅 貨 櫃 企 業 有 限 公 司

SINGAMAS CONTAINER HOLDINGS LIMITED

(Incorporated in Hong Kong with limited liability)

(Stock code: 716) VOLUNTARY ANNOUNCEMENT SHARE REPURCHASE

This is a voluntary announcement made by Singamas Container Holdings Limited (the "Company") to provide its shareholders and potential investors with information in relation to the development of the Company.
Pursuant to the repurchase mandate granted to the board ("Board") of directors ("Directors") of the Company at the annual general meeting of the Company held on 2 June 2015 ("Repurchase Mandate"), the Company purchased 500,000 of its own ordinary shares on 7 September 2015 at the highest and lowest prices of HK$1.05 per share and HK$1.00 per share respectively ("Shares Repurchase"). The aggregate purchase price paid for the Share Repurchase was approximately HK$517,560. The Shares Repurchase represents approximately 0.0207% of the existing total number of issued shares of the Company as at the date of this announcement.
The Board considers that the value of the Company's shares is consistently undervalued. The Board believes that the current financial resources of the Company would enable it to conduct the Share Repurchase while maintaining a solid financial position for the continuation of the Company's business in the current financial year.

The Company may or may not repurchase additional shares under the Repurchase Mandate. Shareholders and potential investors of the Company should note that any purchase of shares made by the Company under the Repurchase Mandate will be subject to market conditions, the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and The Codes on Share Buy-backs and will be at the Board's absolute discretion. There is no assurance of the timing, quantity or price of any share purchases or whether the Company will make any further purchases at all. Shareholders and potential investors of the Company should therefore exercise caution when dealing in the shares of the Company.

By order of the Board Singamas Container Holdings Limited Teo Siong Seng

Chairman and Chief Executive Officer

Hong Kong, 7 September 2015

The Directors as at the date of this announcement are Mr. Teo Siong Seng, Mr. Chan Kwok Leung, Mr. Teo Tiou Seng and Ms. Chung Pui King, Rebecca as executive Directors, Mr. Kuan Kim Kin and Mr. Tan Chor Kee as non-executive Directors and Mr. Cheng Fu Kwok, David, Mr. Lau Ho Kit, Ivan, Mr. Ong Ka Thai and Mr. Yang, Victor as independent non-executive Directors.

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